Momentum Trader Report: 02/28/10

Fridays action was pretty choppy, with some share selling shortly after the open. However, the market recovered its losses, and the indexes now appear to be forming a bullish flag near their 50-Day MA’s, as seen here in the S&P 500.

I had one trigger on Friday in WLL, which still looks good here.

Other recent triggers […]

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Momentum Trader Report: 02/25/10

The market sold off in the morning but found some afternoon strength as buyers came in. Notice that the S&P 500 hit its 20-Day MA before bouncing. Good support that could push it higher tomorrow.

I had a nice trigger in  CLNE today, which bounced of its 50-Day MA.

Some recent triggers are still doing OK, such […]

Momentum Trader Report: 02/24/10

Another quick post tonight. This has been a frustrating market to trade these last few weeks. Its going to be day trades for me until we get some kind of confirmed direction.
F triggered today, but I didn’t take it. I already own some shares from a previous trade. Some charts are setting up, but I […]

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